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Lessons & Activities
1 Hour+
The CPI Market Basket
OVERVIEW
In this lesson, students will compare the price of goods from one time period to another. Then, through discussion and role play, students will interpret the effects of inflation on consumers.
Related Resources
INFOGRAPHICS & COMICS
VIDEO Q&A
0-15 MIN
Inflation
Introduce the concept of inflation.
READING Q&A
16-30 MIN
Beyond Inflation Numbers: Shrinkflation and Skimpflation
Define shrinkflation and skimpflation.
LESSONS & ACTIVITIES
46-60 MIN
The Economic Goal of Price Stability
Simulate a consumer's experience when dealing with unstable prices.
VIDEO Q&A
0-15 MIN
Inflation, the Fed, and You
Learn what causes inflation.
VIDEO Q&A
0-15 MIN
Inflation, Deflation, and Disinflation
Learn the differences between inflation, deflation, and disinflation.
More in This Series
LESSONS & ACTIVITIES
1 HOUR+
PACED Pretzels
Learn about and apply the five-step PACED decision-making process.
LESSONS & ACTIVITIES
1 HOUR+
Exploring Careers in Economics
Learn about careers for people with backgrounds studying economics.
LESSONS & ACTIVITIES
16-30 MIN
Is Trade a Zero-Sum Game?
Demonstrate that voluntary trade can benefit buyers and sellers.
LESSONS & ACTIVITIES
1 HOUR+
The Basics of Supply and Demand: A Classroom Cocoa Bean Market
Learn to identify equilibrium price, explain how market interactions determine prices, and recognize conditions that create shortages and surpluses.
LESSONS & ACTIVITIES
46-60 MIN
Comparative Advantage: Trading Brownies and Pizza
Discover the benefits of trade.
LESSONS & ACTIVITIES
1 HOUR+
Circular Flow
Simulate the circular flow model and learn about economic relationships.
LESSONS & ACTIVITIES
16-30 MIN
The GDP Expenditures Equation: How Do We Measure It?
Learn about gross domestic product (GDP)
LESSONS & ACTIVITIES
0-15 MIN
How Do We Measure Unemployment?
Demonstrate how we calculate the civilian unemployment rate.
LESSONS & ACTIVITIES
16-30 MIN
Teaching About Money, Spending, & Inflation Using an Auction
Conduct two rounds of auctioning off the same goods with increasing money to demonstrate inflationary forces.
